Allendale Yield Survey Projects US Corn Crop at 13.75 Billion Bushels, Soybean Crop at 3.5 Billion BushelsWed, 04 Sep 2019 10:48:53 CDT
Allendale, Inc. a Chicago area agricultural commodity brokerage and analysis firm suggests a projected US corn crop of 13.755 billion bushels and a soybean crop of 3.499 billion bushels.
The 30th annual Nationwide Producer Yield Survey was conducted from August 19 - 30. The surveys were conducted direct by our brokers (56%) as well as via our website and social media platforms (44%).
These estimates were based on producer calculated yields in 29 states. Ample surveys gave us the numbers needed to project yields in the top 12 states. This covers 86% of corn production and 83% of soybean production. For this survey, the smaller states were assumed using USDA’s August 12 estimates. Harvested acres were assumed using USDA’s August 12 estimates. No adjustments for maturity concerns were made.
View the original release for Allendale's complete report on the information above, by clicking here.
Source - Allendale, Inc.
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